BTCUSD Bybit Chart Analysis October 5

BYBIT:BTCUSD   Bitcoin / U.S. Dollar

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Only 30 Min chart ,
In real time, you can check major sections and move,
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for October 5 th.

This is the move after the final finish on October 4th.

Did not deviate from the orange/purple support line that we marked.

Breaking the orange resistance line -> Reached the target of $49218

If you use tracking stop loss
The maximum profit is $1815.

Congratulations to all Profit.

4 hour chart

Today's Approximate Top Price / Bottom Price Check

At a low level, it is based on the convergence section of the orange resistance line / green support line.

red top / sky blue bottom

I made today's trading strategy.

30 minute chart long position strategy

The recent upward trend is stronger than expected.
There was a part I missed last time, so today I focused on the overshooting section as much as possible.

This is a personal opinion, so please take it as a reference only.

In general, parallel lines move as a set of support and
resistance lines.

You can judge the high of the parallel line of the same color by whether the support line is broken or not.

Today, I am prepared to be greatly insulted, and it is a red arrow one-way strategy.

If the strategy fails, look at the sky blue finger section at the bottom.

(If moving to the center, sideway move are ignored)

Top price changed according to strategy.

* When the red arrow moves

long position strategy

Depending on the situation, it is recommended to cut off a long position once rather than a short counter trade.

* $49617.5 Long position entry section / Stop loss price when breaking out of the sky blue support line, but stop loss when breaking the maximum purple support line (upward, safe section)

*1st liquidation of long position of $53413 -> Re-entry of $51613 of long position / Stop loss price when the purple support line is broken

*Final target is $54202 / You can continue to take the trend with a stop loss correction

If it continues to flow in a downward direction,

Light blue finger section $48236.5 Long position entry section / Stop loss when break away green support line

I left out each major time slot.

It would be good to operate with major altcoins, including bitcoin , when the arrow moves today.

Principle trading, isn't it today?

It is essential to operate safely

Please do not swear by my analysis and simply refer to it.

thank you.

Trade closed: target reached:

$ 2262 Profit

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